Australian ethical hires Michael Murray
Australian Ethical has appointed Michael Murray to further boost their "highly skilled investment team", who produced strong performance.
The firm said Murray had 18 years investments experience, including as a portfolio manager, dealing with ethical and environment social and corporate governance (ESG) aware clients at AMP Capital and Integrity Investment Management.
Australian Ethical said he would be joining the investment team as an equities analyst.
They said hisappointment came after Australian Ethical's performance outpaced other mainstream funds. Over a 10-year period, Australian Ethical's Australian shares fund was ranked number one, out of 54 funds.
Murray said he was looking forward "to working with an organisation that is 100 per cent dedicated to ethical investments" and that he was looking forward to using his "experience in sustainable investing to deliver market-leading results for investors".
Australian Ethical chief investment officer, David Macri said his "appointment will further strengthen our expertise as we continue to focus on generating superior returns for our investors."
Macri said their most recent company results showed that funds under management grew 35 per cent, profit increased by 55 per cent and they also doubled their share price in the past two years, consistent with the top quartile of investment funds performance.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
